Deutsche Bank AG Raises Stake in BWX Technologies, Inc. (NYSE:BWXT)

Deutsche Bank AG lifted its holdings in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,837 shares of the technology company's stock after purchasing an additional 11,022 shares during the quarter. Deutsche Bank AG owned 0.19% of BWX Technologies worth $19,252,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Duquesne Family Office LLC purchased a new position in shares of BWX Technologies during the fourth quarter worth about $33,325,000. CoreCap Advisors LLC boosted its stake in BWX Technologies by 220.1% in the fourth quarter. CoreCap Advisors LLC now owns 877 shares of the technology company's stock worth $98,000 after buying an additional 603 shares in the last quarter. Corigliano Investment Advisers LLC purchased a new stake in BWX Technologies in the fourth quarter worth approximately $557,000. Cresset Asset Management LLC lifted its position in BWX Technologies by 4.3% in the fourth quarter. Cresset Asset Management LLC now owns 160,817 shares of the technology company's stock valued at $17,913,000 after purchasing an additional 6,702 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in BWX Technologies by 38.7% in the fourth quarter. Cetera Investment Advisers now owns 25,763 shares of the technology company's stock valued at $2,870,000 after purchasing an additional 7,190 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company's stock.

Insider Buying and Selling

In other BWX Technologies news, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total value of $4,900,125.00. Following the transaction, the chief executive officer now owns 218,218 shares of the company's stock, valued at approximately $23,436,613.20. This represents a 17.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert L. Duffy sold 6,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total value of $624,180.00. Following the completion of the transaction, the senior vice president now directly owns 3,206 shares in the company, valued at approximately $333,520.18. This represents a 65.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,625 shares of company stock valued at $5,734,145 over the last ninety days. Company insiders own 0.47% of the company's stock.

BWX Technologies Trading Up 0.8%

Shares of BWX Technologies stock traded up $0.91 during midday trading on Friday, reaching $109.74. 691,599 shares of the company's stock traded hands, compared to its average volume of 803,044. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. The company has a market cap of $10.03 billion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. The stock has a 50 day moving average of $103.21 and a 200-day moving average of $112.03. BWX Technologies, Inc. has a 12 month low of $84.21 and a 12 month high of $136.31.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, May 5th. The technology company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. The company had revenue of $682.26 million during the quarter, compared to the consensus estimate of $644.15 million. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 earnings per share. As a group, equities analysts expect that BWX Technologies, Inc. will post 3.23 EPS for the current fiscal year.

BWX Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.91%. BWX Technologies's dividend payout ratio is presently 31.85%.

Wall Street Analysts Forecast Growth

BWXT has been the subject of several recent research reports. Seaport Res Ptn upgraded BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Bank of America lowered their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. Finally, Maxim Group lowered their price objective on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, BWX Technologies has a consensus rating of "Moderate Buy" and an average price target of $123.88.

BWX Technologies Profile

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.